Transparency and Security First

Stephanie Rowton, Director of U.S. Equities at S&P DJI, emphasized that tokenized S&P products will only be offered on platforms meeting strict standards for transparency, security, and regulatory compliance.

Rowton stated, “By building these partnerships, we aim to create a solid infrastructure that supports trading and access to tokenized versions of our indexes while enhancing the investor experience.”

Growing Institutional Interest

The move into blockchain is driven by increasing interest from institutional investors in tokenized financial products. Earlier this year, S&P DJI licensed the S&P 500 for a tokenization project with Centrifuge, offering programmable index-tracking funds through smart contracts.

Rowton noted that this initiative has already sparked curiosity and engagement from both traditional finance (TradFi) and decentralized finance (DeFi) participants.

Bridging TradFi and DeFi

Rowton highlighted blockchain’s “transformative potential” for financial markets. “As demand for digital assets grows, tokenization could play a key role in bridging the gap between traditional and decentralized finance,” she explained.

She added that S&P DJI’s strategy aims to help a new generation of investors interact with established benchmarks in innovative ways.

Future Plans and Regional Trends

Interest in tokenized indexes is particularly strong among digital-native investors, crypto and blockchain enthusiasts, and institutions seeking portfolio diversification. Europe, Asia, and Latin America are leading the adoption trend.

Rowton also shared that the company is exploring tokenization opportunities for other flagship indexes such as the Dow Jones Industrial Average and thematic indexes.

2030 Vision

Tokenized indexes are expected to play a “pivotal” role in global markets by 2030, enhancing cross-border access and liquidity while lowering traditional investment barriers. Features of DeFi, such as fractional ownership and automated trading, could enable new strategies and broaden market participation.

Rowton emphasized that tokenization is not a threat to S&P DJI’s traditional licensing business but rather a “complementary innovation” that opens the door to new investor audiences while maintaining benchmark integrity.

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According to a statement made on May 29, Bybit, 1000X, CoinEx, OKX, and XT.COM will be inaccessible nationwide as of June 28. The SEC stated that the move aims to protect investors and take action against platforms allegedly involved in money laundering and other illegal activities.

In its announcement, the SEC urged users with assets on these platforms to take necessary steps before the June 28 deadline.

New Law Grants Authority to Digital Ministry

This decision follows the Royal Decree on the Prevention and Suppression of Technology Crimes, which came into effect on April 13 in Thailand. Under the updated framework, the Ministry of Digital Economy and Society (MDES) now holds the power to block unlicensed digital asset trading platforms.

Earlier in April, Thailand’s Cabinet approved amendments to emergency laws related to digital asset businesses and cybercrime. These changes aim to prevent foreign-based P2P crypto service providers from operating illegally within the country.

Complaint Filed Over Unlicensed Operations

Following its investigation, the Thai SEC concluded that the five platforms in question were operating without valid local licenses. This violates the Royal Decree on Digital Asset Businesses, prompting the SEC to file an official complaint with the MDES. The complaint is expected to result in these services being blocked throughout the country.

The regulator also issued a public warning about the risks of using unlicensed crypto services, emphasizing that such users are not protected under Thai law and may be exposed to scams and fraud-related risks.

Balanced Regulatory Stance on Crypto Continues

Thailand continues to take a measured approach to crypto regulation. In May, it was reported that the government is working on a solution allowing tourists to make crypto payments through credit card-linked systems.

Additionally, the Ministry of Finance plans to issue $150 million worth of digital investment tokens, enabling retail investors to purchase government bonds. In March, regulators approved the use of stablecoins like USDt from Tether and USDC from Circle on licensed crypto exchanges nationwide.

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Bitcoin Investment Addresses Decline

In a Quicktake analysis published on the CryptoQuant platform, CryptoOnchain highlighted a decrease in the number of Bitcoin wallet addresses sending funds to centralized exchanges. According to the data, the number of addresses depositing BTC to exchanges has dropped to its lowest level since 2017. This indicates that spot investors are choosing to hold their Bitcoin rather than sell, signaling expectations of a near-term price increase.  

BTC Tests $97,000

BTC surpassed $97,000, reaching its highest level since February 20. BTC is supported by expectations of a potential U.S. Federal Reserve (Fed) interest rate cut. Lower interest rates reduce bond yields, boosting interest in riskier assets like BTC. Investors are turning to cryptocurrencies and stocks in pursuit of higher returns.  

Crypto analyst PlanB noted that the next critical resistance level for BTC is around $97,530. Bitcoin is currently trading slightly above $97,000. A clear close above $97,500 could strengthen the likelihood of Bitcoin reaching a new all-time high (ATH) in the near term. As a reminder, Bitcoin’s current ATH is $108,786, recorded on January 20.  

Crypto analyst Doctor Profit suggested that Bitcoin’s local bottom for this cycle may have been $74,508, seen on April 6. The current price is only 11.3% below the ATH. The analyst noted that BTC has formed a strong monthly bullish candle and is trading above the Ichimoku Cloud indicators, which present a positive outlook for BTC.  

Additionally, analyst Credible Crypto, based on the Golden Ratio Multiplier model, predicted that Bitcoin could reach $124,000. As of writing, Bitcoin is trading around $97,000, up 3.3% in the last 24 hours.  

BTC Signals Strong Bullish Momentum

Backed by technical indicators and macroeconomic developments, BTC is flashing strong bullish signals. The decline in addresses depositing to exchanges shows that investors are opting to hold rather than sell. However, breaking the $97,500 resistance remains critical for a new ATH. 

—This is not investment advice.

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The post Bitcoin Investors Face Resistance: Wallet Addresses at 2017 Levels appeared first on Coin Engineer.

According to local sources, the bill would ban cryptocurrency exchanges and their advertising, but would not ban cryptocurrency transactions. It also does not envisage a ban on cryptocurrency mining companies registered in the country.

Cryptocurrency exchanges in Russia came to the fore with the Beribit scandal. Customers who had more than 4 million dollars left on the exchange stormed the exchange’s office to get their money back.

Some politicians argue that cryptocurrencies are being used to circumvent sanctions and that this bill would be harmful to Russia.

The Deputy Chairman of the State Duma Committee on Economic Policy said that Russian defense industry companies use cryptocurrencies in their trade agreements abroad and that the bill would be against the country’s interests.

The Central Bank of Russia has previously stated that it is against the use of cryptocurrencies in payment transactions in the country.

The post Draft Law Presented Against Crypto Exchanges in Russia After Scandal! appeared first on Coin Engineer.

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According to the announcement, users will be able to start staking BNB and FDUSD to earn ETHFI tokens on Binance Launchpool on March 14, 2024 at 00:00 UTC.

Later, the Binance Exchange will list the ether.fi (ETHFI) token on March 18 at 12:00 UTC. The trading pairs to be listed will be ETHFI/BTC, ETHFI/USDT, ETHFI/BNB, ETHFI/FDUSD, and ETHFI/TRY.

Binance Launchpool Project ether.fi (ETHFI) Details

• Token Supply: 1,000,000,000 ETHFI
• Launchpool Token Rewards: 20,000,000 ETHFI
• Initial Circulating Supply: 115,200,000 ETHFI

Users are required to complete KYC verification in order to stake. Additionally, the event period will last from March 14, 2024 at 00:00 UTC to March 17, 2024 at 23:59 UTC. During this period, users can participate in staking with BNB and FDUSD and earn a share of the ether.fi (ETHFI) rewards.

The post Binance Launchpool Announces 49th Project: ether.fi (ETHFI) appeared first on Coin Engineer.

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Potential Impacts on the Crypto Market

The adoption of these ETFs could have a number of impacts on the cryptocurrency market. By creating a reliable platform for institutional investors, they could increase demand for Bitcoin and reduce volatility in the market. Also, the effects that similar financial instruments have created in other asset classes in the past suggest that they could also provide similar potential returns for Bitcoin.

Similarities from the Past to the Present

The events that occurred after the approval of previous ETFs show the potential of Spot Bitcoin ETFs. For example, the approval of the Gold ETF led to an increase in gold prices of over 300%. Additionally, the approval of Bitcoin futures ETFs also had a major impact on the market in a similar way.

Current Situation and Expectations for the Bitcoin ETF

The applications for Spot Bitcoin ETFs by leading asset management companies, especially giant companies such as BlackRock, are increasing the potential for Bitcoin to reach a wider investor base. These companies’ steps in this area could be a harbinger of a major transformation in the cryptocurrency world.

Expected Increases in Bitcoin Value and Logic

Bitcoin’s market capitalization and global investment potential show potential increases in Bitcoin’s value with the approval of such ETFs. With large amounts of investment flowing into Bitcoin, there could be significant increases in the value of Bitcoin.

A New Era Ahead for the Crypto World

Spot Bitcoin ETFs represent a significant change in the cryptocurrency world. Also, monitoring the impact of these financial instruments on the market offers a great opportunity for investors. Investors can closely monitor how these developments could affect the potential increases in the value of Bitcoin.

The post Bitcoin ETF: A Revolution in the Crypto Market appeared first on Coin Engineer.

You might like: Bitcoin ETF Approval Looms as SEC Meets with Exchanges!

Meetings between SEC staff attorneys from the Division of Trading and Markets and officials from major exchanges indicate that the ETF application approval process is in a positive phase. These exchanges will provide platforms to support the trading of the planned ETFs.

These developments paint an optimistic picture that the SEC is inclined to approve applications from large money managers and cryptocurrency companies. The SEC specifically asked the exchanges to review and finalize the applications, which is a sign that the approval process is progressing.

However, it is important to remember that the SEC has not made its final decision. However, sources say that the approval of these applications could be announced as early as Friday, and trading could start as quickly as next week.

Impacts of Bitcoin Spot ETFs

The approval of Bitcoin spot ETFs could have a significant impact on the future of the cryptocurrency market. This approval could contribute to the greater acceptance of cryptocurrencies within the traditional financial system. If approved, Bitcoin spot ETFs would allow investors to invest in Bitcoin in a more convenient and accessible way. This would provide the opportunity to invest directly through an ETF instead of buying Bitcoin physically.

In addition, Bitcoin spot ETFs could increase the liquidity and efficiency of cryptocurrency markets. This could improve the overall health of the market by allowing investors to buy and sell Bitcoin more quickly and cost-effectively.

The post Bitcoin ETF Approval Expectations Are Rising! appeared first on Coin Engineer.

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This strategic expansion is laying the groundwork for the development of digital assets, in line with recent increases in crypto asset prices. Robinhood Markets Inc. is preparing to take a significant step by introducing commission-free trading in the European crypto market.

The platform will become operational on Thursday. Also, it will offer European investors the opportunity to trade seamlessly with more than 25 digital assets, including leading cryptocurrencies. This is considered a significant turning point for the rapidly growing digital asset landscape in the region.

In addition, in an exclusive interview with Johann Kerbrat, General Manager of Robinhood Crypto, it was revealed that the application will come with an innovative cash-back loyalty program that will credit a percentage of each user’s monthly trading volume as Bitcoin, with the aim of enhancing the user experience.

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In particular, after the ETF news, Bitcoin’s rise to $35,000 sparked daily exchange volumes, reaching the highest levels since March according to data analysis platforms.

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According to data analysis platforms, the seven-day moving average of spot exchange volumes on the market’s leading platforms exceeded $24 billion as of October 26, reaching an unprecedented level since the end of March.

Investment is particularly focused on the Spot Bitcoin ETF decision and is waiting for approval from the SEC. The reason investors are waiting is that the industry’s leading analysts and personalities say that ETFs will be approved and that if approved, Bitcoin could rise up to $50,000.

According to indicators provided by data analysis platforms, this situation points to a level of volatility not seen since April. The cryptocurrency market is drawing more investor attention with high volumes in spot transactions and potential new product launches. These developments indicate that market volatility may increase.

In the past day, firstly $520 million and then $250 million USDT was transferred to the Binance exchange. 

“This is not a Financial Advice!”

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Today, many top exchanges announced they will list SEI on 15th August. The project is introduced as a customized, open-source layer-1 blockchain for trade transactions. Offering faster transactions compared to other networks, Sei Network has entered the radar of the crypto community. Moreover, it’s positioned as a project rich in ecosystem. Additionally, an eagerly awaited topic, the Airdrop, is also in minds.

In the crypto sector, by participating in the testnets of projects and showing your activity in the community, you can earn Airdrop. The project had stated they would do an Airdrop. However, with only 4 days left to the listing, the team, which has not yet shown any progress, raises these questions in minds.

“Will SEI Make the Airdrop After Switching to Mainnet?”

While the crypto community is buzzing with these rumors and expectations, other exchanges besides Binance did not remain silent on this matter. Bybit,Gate.io,MEXC,Bitget,KuCoin,Kraken exchanges announced on their official twitter accounts today that they will list the SEI token on 15th August 2023 at 12.00(UTC) or 15.00 Turkish time.

Here Are The Exchanges Listing Sei Network Token And Discounted Registration Links:

● Binance: https://accounts.binance.com/en/register?ref=B4DLQJE0

● Bybit: https://www.bybit.com/tr-TR/invite/?ref=QWQ0Q0

● KuCoin: https://www.kucoin.com/ucenter/signup?rcode=rJUEYGG

● Gate.io: https://www.gate.io/tr/signup/3499516

● MEXC: https://www.mexc.com/register?inviteCode=16GZj

● Bitget: https://www.bitget.com/tr/expressly?languageType=8&channelCode=CoinMuhendisi&vipCode=2bui

You can also register using our commission discount links above to purchase the native token of Sei Network.

You Might Be Interested: 90 ETH Stolen Victims Started to Get Their Funds Back!

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